BTCUSD 15 minute/1D charts (4/4/2019)Good morning, traders. Price tapped out just shy of the $5300 level at $5282 yesterday. Those in our Discord were alerted three hours prior to the $4800 target of the drop and price hit $4800.50 (missed it by 0.50). I then posted a target of the $5075-$5110 area as resistance and that was hit a few hours later. Unfortunately I often don't think about updating TV. So where are we at now? Sideways, continuing to find resistance at the 15 minute pivot.
The orange zone is the monthly OB and the green inside of it is the daily OB, as I have pointed out numerous times before. My short survived the extra bit of push up yesterday, so I remain short toward $4400-$4500 with the caveats of possible wicks lower which I published yesterday and/or the day before. Initial support will likely be found around $4700 at the top of the monthly OB. The 4H RSI dropped through channel support suggesting that more downside is in the cards. Stoch RSI on the 4H is nearing the bottom. The 1H RSI continues to drop and is expected to reach oversold and Stoch RSI is nearing the top. Price is finding resistance at the 21 EMA on the 1H. As mentioned previously, daily RSI is at the top of the ascending channel and Stoch RSI is topped out, suggesting a reversal on that larger TF. Additionally, yesterday's volume almost hit the previous day's volume, yet the candle spread was much smaller and the day ended with a long upper wick. This is indicative of supply coming in and demand fatiguing. The daily 21 EMA is currently at the R1 pivot around $4250.
If we can get the correction toward $4500, then that should set up a 5th wave targeting the $6250-$6500 zone. In that case, we would then expect to see a retracement back toward the monthly OB for a final time before further price appreciation as the wave 2 of the larger degree completes. Currently, 15 minute RSI has printed hidden bearish divergence and supply volume spikes are showing up increasingly larger near that pivot suggesting increasing selling into demand which should result in price dropping.
Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life.
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Volumepriceanalysis
BTC/USD Volume Price Confirmation for Uptrend =>After the big fall into sub 6k level,first time bitcoin is showing us some positive volume feedback.
=>Volume follows the price unlike the other times it tested 4000-4200 resistance.
=>We are probably at the latter stage of Wyckoff accumulation.
Target1:4700 1 Month
Target2:5200 1-3 Months
GBPNZD Going Fishing for Low Volume NodesWe've been trading in previous days range for quite a while. It's likely price will pop out and explore above, or below.
My analysis seems to imply below. If so, we have a pretty sweet short opportunity for about 80 pips (from where I'm entering, which is now). Take profit at or barely above low volume node @ 1.93530.
Long position from there? Possibly.. haven't looked into it yet.
Good luck!
BTCUSD Flash Crash Possibilities! Here's a three-dimensional volume analysis of BTCUSD on Bitfinex memory pool. This is pure VOLUME ANALYSIS based off VPA (Volume Price Analysis). These are the major support levels I'm looking at for the long of a lifetime, cheers guys. Major FUD may be required to reach these levels ie exchange hack or greater crypto takeover(flippening).
USDJPY OVERVIEWUSDJPY has been in a congestion phase for almost 2 years on the weekly timeframe. We can see multiple touches both of the resistance line and of the support line and a Fake Out. In the previous weeks we tested the resistance line again with a shooting star with above average volume (VPA). Stochastic shows us that it was overbought on the weekly time frame. Volume At Price (VAP) shows us a very strong area which will be hard to break. Therefore we want to see a big effort by the insiders (visible on our Volume Price Analysis) to aspect a big result and then a True Break Out. I think the market will get around 108.000 in the next few months. Even though it's a bit early to say that and we need more confirmations, I do aspect the market to reach the support level.
This is an overal overview of UJ, in the next hours I will look deeper in the chart, analysing the D1 and the H4 timeframes so that I can provide a good set up for a possible entry.
Goldman Sachs: Most signs are pointing up This will be a short post because there is a lot of verbiage in the chart. Generally while I definitely see a few bearish signs in Goldmans chart most are relatively bullish. Keep in mind these are weekly candlesticks used to project what may happen in several weeks or potentially months time so don't infer anything about day to day movements from this analysis. Questions and criticisms welcome, thanks.
Today's Trading Plan based the on volume analysis: ETHUSDBulls won in the bloody battle with the bears yesterday and pushed the price above 685. Then they confirmed their intentions by buying a single large order for 227 ETH at a price of 675 at 22.37 GMT (1st arrow on the screenshot). In an hour, once again a single large order for 279 ETH went through at a price of 686 USD at 23.57 GMT in Time&sales (2nd arrow on the screen). A good area for shopping is in the price range of 675-680 USD with the first goal 740-750 USD (3rd arrow on the screenshot).
Our backup plan: a breakout through 675 and to test it from below (4th on the screenshot).
Analysis of the current situation based on volume analysis. ETHUSD was not kept by buyers at a price of 680 USD. An order for 300 ETH at ASK price went through on Time&Sales at 12:14 GTM, orders for 78.15,77.70 and 104.656 ETH at ASK price went through at 13:54 GTM. A good option is to short with short stop at 687 test 680 from the bottom.
Ethereum Bottom Starting To FormHey friends,
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Reversal? Low Volume & Downtrend BUT ADX rising(-DI above +DI)..I would feel more confident if the ADX (black line) is above 20 but in a falling state. In this case it looks as if it increasing...
My interpretation of Volume and Price:
Volume Share Price Interpretation
Decline Uptrend Bearish
Decline Downtrend Bullish
Increase Uptrend Bullish
Increase Downtred Bearish
What are your thoughts on GLBS ? How do you translate volume and price increase/decrease?
If you have recommendations or tips - please, let me know below at the comment section.
/Pat
1.2250 is the keeper of the Slide *Easy 150 Pips EURUSD Setup*Bears are fighting hard at the 1.2500 level and the price action is heading below the value low.
Seeing some bullish momentum in USD and Euro short term weakness, it would be safe to stick with bears.
Remember, this is a counter trend trade.
Watch 1.22500 level, it it breaks, more bear shall follow.
Look at the chart for TP levels.
GL
Trading Bug
BCC/BTC - Volume/Price Divergence - 8-10% Swing OpportunityBCC/BTC is now exhibiting a Volume/Price divergence, and has been for the better part of a day.
Using the VZO Indicator, which is a leading indicator, gives us an idea of bulls vs bears action in the market. A divergence such as this demonstrates that there are a lot of bulls (and therefore upward pressure on prices) that haven't yet been reflected in the price action. Given this, we look to enter once a strong upward movement is determined. Usually, I wait for a green closing candle (and a strong close relative to total trading range for that period), and then set a conditional buy order above the high of the previous candle. E.g. if the previous candle's high was 0.133300 (such as BCC 0.11% looks like it will), I'll set a conditional buy at 0.133700. This hopefully will catch any potential movement up - price movements based on a Volume/Price divergence can be extremely quick - and prevents us from being bounced into the trade via a high shadow candle.
Look to enter this trade at 0.133700 - 0.134700 , and then set a stop loss below the lowest closing price (which at the moment is 0.130303). This is a very tight stop loss (3.5%), but it's preferable to take a small loss on a volatile movement such as this.
Time is of the essence with these! So get in quickly.
Note: the last candle was a hammer candle, and the current candle has ranged high (and low), so this could go either way yet. Always exercise caution. You're better off missing a few % points of profit to negate the risk of a loss.
lots of buy orders for a bounce back to 10500Based on the volume of BTC i do not see BTC going below 9500 based on the buy orders. I wish i can make my trend lines go lower, but i can only make my trend line go down to 9500, i only see it go down that low then its going back to 10500 don't let the whales fool you i would say entry point is 9700
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One to definitely watchThis is another coin I'm heavily interested in and got the opportunity to buy a lot of when it was still 11sats... look at the potential since. My last bit of confluence that triggered me to buy was based on similar activity (Volume spike) being showed a year prior around Jun/Jul.
I'm not saying to wait till next year to buy nor not to expect another spike in price till then, we could either expect one in roughly half that time and/or an even bigger spike by Jun/Jul next year.
Either way, just look at the volume... it has never spiked this high and a well known technical signal for price hikes is volume, so keep your eyes open on this one.
It could possibly floor to 14/15sats if the devs don't release any news soon and kills the hype, conversely: It grew from a high of 116 to 475sats in a year. It can go as high as 625 sats and then correct around 80-100sats for a while.